“There must be no gaps in the regulatory framework”

HE Amando Tetangco, Jr., governor, Bangko Sentral ng Pilipinas, discusses shifts in banking income profiles, shadow banking in the Philippines, and changes in focus of the central bank.

“Global financial architecture, Risk management and governance”

Jimmy Gurule, former US treasury undersecretary, discusses the issues banks face in compliance, expansion of AML regulations, and the value of greater bilateral inter-agency agreements.

“Governments must make progress in fiscal reforms”

Gertrude Tumpel-Gugerell, former member of the executive board of the ECB, discusses lessons learnt from the sovereign bond crisis, financial integration, and the importance of credible economic policies.